Successful Convenience And Off Licence In Kent For Sale

Business description

Well-established convenience and off-licence store in Maidstone (Kent). The shop is well known in the area, and benefits from a monopolistic position with no local competition.

The unit sits in a parade of 4 shops that are the hub a large residential estate along with the community centre and surgery which are next door.

A range of foods and drinks are sold along with off-licence, Paypoint, Camelot, newspapers, and magazines

The business is easy to manage, runs efficiently and makes use of an EPOS system

There is significant potential for expansion - ideal first business for ambitious entrepreneurs

Training and support is available by negotiation

The business is being sold due to retirement

Offers for goodwill in excess of £79,950

Property information

Property:

Leasehold

Lease terms:

A new 20 year lease with 4 yearly reviews agreed with landlord.
Current rent and rates inclusive amount is approximately £18,500

Living accommodation:

Independent of the business sale, it may be possible to negotiate for local living accommodation. Details upon request.

Location:

Situated in a monopolistic position at the hub of a large residential estate in Maidstone. In a parade of 4 shops, a community centre and a doctors surgery. There is no local competition within the residential estate.

Premises details:

The shop is modern and well laid out.
The premises is approximately 750 sq ft with full shelving, and refrigeration arranged around 2 aisles.
There is a stock room with shelving.
W/C and handwash basin at the rear of the unit.

Size in square feet:

750

Business Operation

Expansion potential:

Signficant potential to expand turnover and profitability of business.
Vendor spends little time running the business due to other business interests.

Competition / Market:

There is no local competition

Reasons for selling:

Retirement Sale

Trading hours:

Mon - Sun 8am - 9pm

Employees:

2 Full Time Equivalents

Years established:

20+

Other information

Support & training:

Support and training available upon negotiation

Furniture / Fixtures value:

£9,950

Inventory / Stock value:

£19,500